CI to stay in narrow sideways band


  • Business Premium
  • Monday, 17 Nov 2003

Last close (Nov 14): 792.23 points, off 14.55 points from a week ago. Week’s high: 807.09 points; Week’s low: 789.60 points. 

The KLSE Composite Index (CI) adjusted lower in a mild downward technical correction last week and closed Friday moderately lower. Breaching of the 800-point psychological support level during early trading last week encouraged long-liquidation in most of the main index-linked stocks and forced the CI to close at its lowest level in four weeks. 

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